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Side-by-side financial comparison of MODIV INDUSTRIAL, INC. (MDV) and WESTPORT FUEL SYSTEMS INC. (WPRT). Click either name above to swap in a different company.

WESTPORT FUEL SYSTEMS INC. is the larger business by last-quarter revenue ($12.5M vs $11.1M, roughly 1.1× MODIV INDUSTRIAL, INC.). MODIV INDUSTRIAL, INC. runs the higher net margin — 11.0% vs -274.8%, a 285.7% gap on every dollar of revenue. On growth, MODIV INDUSTRIAL, INC. posted the faster year-over-year revenue change (-5.6% vs -11.4%).

MODIV INDUSTRIAL, INC. is a U.S.-based industrial real estate enterprise focused on acquiring, owning and operating high-quality industrial properties mainly located in key logistics and distribution hubs across North America. It serves tenants from sectors including e-commerce fulfillment, manufacturing and third-party logistics, addressing rising demand for modern supply chain infrastructure.

Westport Innovations is a company that develops alternative fuel, low-emissions technologies to allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas. Headquartered in Vancouver, British Columbia, Canada, where the company was founded, Westport also has facilities in France, Sweden, Italy, China, Australia and the United States.

MDV vs WPRT — Head-to-Head

Bigger by revenue
WPRT
WPRT
1.1× larger
WPRT
$12.5M
$11.1M
MDV
Growing faster (revenue YoY)
MDV
MDV
+5.8% gap
MDV
-5.6%
-11.4%
WPRT
Higher net margin
MDV
MDV
285.7% more per $
MDV
11.0%
-274.8%
WPRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MDV
MDV
WPRT
WPRT
Revenue
$11.1M
$12.5M
Net Profit
$1.2M
$-34.3M
Gross Margin
6.7%
Operating Margin
45.8%
-8.1%
Net Margin
11.0%
-274.8%
Revenue YoY
-5.6%
-11.4%
Net Profit YoY
-22.0%
-690.4%
EPS (diluted)
$0.02
$-1.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MDV
MDV
WPRT
WPRT
Q4 25
$11.1M
Q3 25
$11.7M
Q2 25
$11.8M
$12.5M
Q1 25
$11.8M
Q4 24
$11.7M
Q3 24
$11.7M
$4.9M
Q2 24
$11.4M
$14.1M
Q1 24
$12.0M
Net Profit
MDV
MDV
WPRT
WPRT
Q4 25
$1.2M
Q3 25
$1.0M
Q2 25
$-2.0M
$-34.3M
Q1 25
$829.0K
Q4 24
$1.6M
Q3 24
$-587.0K
$-3.9M
Q2 24
$1.3M
$5.8M
Q1 24
$3.7M
Gross Margin
MDV
MDV
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.7%
Q1 25
Q4 24
Q3 24
13.6%
Q2 24
16.7%
Q1 24
Operating Margin
MDV
MDV
WPRT
WPRT
Q4 25
45.8%
Q3 25
41.4%
Q2 25
9.8%
-8.1%
Q1 25
40.2%
Q4 24
45.4%
Q3 24
42.0%
-43.9%
Q2 24
44.6%
-54.9%
Q1 24
55.6%
Net Margin
MDV
MDV
WPRT
WPRT
Q4 25
11.0%
Q3 25
9.0%
Q2 25
-17.1%
-274.8%
Q1 25
7.0%
Q4 24
13.3%
Q3 24
-5.0%
-79.3%
Q2 24
11.6%
41.2%
Q1 24
31.1%
EPS (diluted)
MDV
MDV
WPRT
WPRT
Q4 25
$0.02
Q3 25
$0.00
Q2 25
$-0.32
$-1.98
Q1 25
$-0.01
Q4 24
$0.07
Q3 24
$-0.18
$-0.22
Q2 24
$0.03
$0.34
Q1 24
$0.33

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MDV
MDV
WPRT
WPRT
Cash + ST InvestmentsLiquidity on hand
$14.4M
$6.1M
Total DebtLower is stronger
$261.5M
$977.0K
Stockholders' EquityBook value
$162.7M
$108.9M
Total Assets
$476.5M
$272.1M
Debt / EquityLower = less leverage
1.61×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDV
MDV
WPRT
WPRT
Q4 25
$14.4M
Q3 25
$8.3M
Q2 25
$5.8M
$6.1M
Q1 25
$6.2M
Q4 24
$11.5M
Q3 24
$6.8M
Q2 24
$18.9M
Q1 24
$18.4M
Total Debt
MDV
MDV
WPRT
WPRT
Q4 25
$261.5M
Q3 25
$279.7M
Q2 25
$279.7M
$977.0K
Q1 25
$279.7M
Q4 24
$279.8M
Q3 24
$279.7M
Q2 24
$279.7M
Q1 24
$279.6M
Stockholders' Equity
MDV
MDV
WPRT
WPRT
Q4 25
$162.7M
Q3 25
$164.8M
Q2 25
$165.6M
$108.9M
Q1 25
$171.1M
Q4 24
$190.1M
Q3 24
$186.3M
$149.3M
Q2 24
$187.0M
$151.5M
Q1 24
$188.0M
Total Assets
MDV
MDV
WPRT
WPRT
Q4 25
$476.5M
Q3 25
$499.6M
Q2 25
$498.9M
$272.1M
Q1 25
$506.8M
Q4 24
$507.8M
Q3 24
$507.4M
Q2 24
$519.5M
Q1 24
$522.5M
Debt / Equity
MDV
MDV
WPRT
WPRT
Q4 25
1.61×
Q3 25
1.70×
Q2 25
1.69×
0.01×
Q1 25
1.63×
Q4 24
1.47×
Q3 24
1.50×
Q2 24
1.50×
Q1 24
1.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MDV
MDV
WPRT
WPRT
Operating Cash FlowLast quarter
$15.0M
$-5.6M
Free Cash FlowOCF − Capex
$-6.4M
FCF MarginFCF / Revenue
-51.6%
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
12.34×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDV
MDV
WPRT
WPRT
Q4 25
$15.0M
Q3 25
$4.1M
Q2 25
$3.9M
$-5.6M
Q1 25
$3.0M
Q4 24
$18.2M
Q3 24
$5.1M
$-11.7M
Q2 24
$4.7M
$1.5M
Q1 24
$3.0M
Free Cash Flow
MDV
MDV
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$-6.4M
Q1 25
Q4 24
Q3 24
$-11.9M
Q2 24
$262.0K
Q1 24
FCF Margin
MDV
MDV
WPRT
WPRT
Q4 25
Q3 25
Q2 25
-51.6%
Q1 25
Q4 24
Q3 24
-243.4%
Q2 24
1.9%
Q1 24
Capex Intensity
MDV
MDV
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.6%
Q1 25
Q4 24
Q3 24
3.8%
Q2 24
8.9%
Q1 24
Cash Conversion
MDV
MDV
WPRT
WPRT
Q4 25
12.34×
Q3 25
3.95×
Q2 25
Q1 25
3.68×
Q4 24
11.72×
Q3 24
Q2 24
3.55×
0.26×
Q1 24
0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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